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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (14357)	11/15/1997 3:43:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 50167

TT I love your mind :>}-----------IKE I love yours too<g> Anybody like mine???? he he he You have a good one too, my friend.... JUDY where the hell are you????

To: Tom Trader who wrote (14357)	11/16/1997 10:04:00 AM
From: Nayson Khoshnood	Read Replies (1) \| Respond to of 50167

'But as you know I am short the Dec S&P futures and it is already showing a healthy profit at this point--so the idea that they might open down 30 points is just too good to contemplate; remember that is $500 per point per contract. Now may be they open down 45-70 points--ohh there I go being irrationally exuberant yet again:)' Read the post to OJ- I am flaming and 15000$ reward to expose your lies this is the game- don't ever get involved with a man Khoshnood how about this- which defenders you want to bring over? Let me see them- the people who started this defending business of Ike? Your lies about Don are exposed and how dare you tried to take the center stage which belonged to the 'best poster'. I will continue this whereeverI will find you- 15000 or 5. Give me the trade and stop BS.

To: Tom Trader who wrote (14357)	11/16/1997 1:47:00 PM
From: Tom Trader	Read Replies (2) \| Respond to of 50167

A beautiful day here in Southern California--blue skies, sun is out and the birds are chirping where I live. I woke up and logged on a few minutes ago to find numerous postings to me from my nemesis whom I had never even heard of until two days ago. Before I went to bed last night, I checked for postings and based on what various people said, I had decided to bring this fracas to a close based on what several people had posted---I had decided to post to Iqbal, suggesting that we bury the hatchet. I shall do this -- in any event, at some point during the day, as time permits and as I collect my thoughts. But regarding the accuracy of my posts---I did throw the gauntlet to NK to prove to me where I had "back-traded" and now that he has taken me up on this, I feel bound to respond to his allegations. I have about an hour available to me, before I have to go out, to accomplish this. I am fairly confident that I will not satisfy NK, but hopefully, I will satisfy some others--at least those who have come to know me over the past 18 months and those who are willing to look at this objectively and factually. Regarding the S&P futures contract--let us start with information on the CME, web page. Next post will address NK's points ********************************************************************** Oct. 31, 1997-The Chicago Mercantile Exchange will split in half its benchmark S&P 500 stock index futures contract, reducing the size of the contract multiplier to $250 from $500, beginning with the start of GLOBEXr trading on Sunday, Nov. 2. To effect the split, the exchange will double market participants' open positions and will halve the underlying value and performance bond requirements. The split will apply to the S&P 500, S&P 500/BARRA Growth and S&P 500/BARRA Value indexes, both futures and options. At current performance bond requirements, the performance bond (margin) for each S&P 500 futures contract will be reduced from $20,880 to $10,440. The underlying value of the contract will be reduced from $462,125 to $231,062 at recent index levels of 925.00 The action will not affect the price level of the S&P 500 stock index, the U.S. equity benchmark. When the Merc launched the S&P 500 Stock Index futures contract in 1982, the index was at 116.5 and the CME's contract was valued at $58,250. The product is the world's first successful stock index futures contract. The minimum price increment (tick) for futures and options contracts will increase from 0.05 to 0.10 index points. This change in tick size will have the effect of maintaining the value of one tick at $25. At the same time that the CME splits its benchmark equity index futures, the exchange will make a change in the rules for execution of E-mini S&P 500 futures orders that will preserve the current ratio between the E-mini and the larger contract. Currently, orders to buy or sell 30 or fewer E-mini S&P contracts are placed on GLOBEXr and orders for more than 30 are executed by open outcry as All-Or-None transactions. Beginning on Sunday, Nov. 2 (trade date Monday, Nov. 3), the threshold level for customer orders will be reduced from 30 to 15 contracts. The CME proposed the changes to expand the customer base for the S&P 500 contract, increase the contract's liquidity, and reduce the contract's daily price dollar fluctuations.